Industry and oil: We are determined to proceed with the implementation of the third largest project in the region
09:44 - 02/09/2020
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The information / Baghdad ..
On Wednesday, Minister of Industry Manhal Al-Khabbaz confirmed the keenness of the ministries of industry and oil to implement this Al-Nibras project for petrochemical industries, which is one of the third largest project in the region and North Africa and will put [You must be registered and logged in to see this link.] on the threshold of a new phase, promising to strengthen its position in this industry at the global level.
Al-Baker said in a statement that the information received, a copy of it, that “the percentage of the Ministry of Industry in participating in the project is (25.5%) in addition to the Ministry of Oil (25.5%) as well, and (49%) for Shell International, as it has already held several Meetings between the two ministries, the last of which was on Thursday 27/8/2020, in the presence of the Minister of Industry and Minerals, the Minister of Oil and technical cadres in the two ministries, to discuss the obstacles to the project and the reasons for its delay for long years. Begin the contractual and legal procedures with the parties concerned before the end of this year.
For his part, Oil Minister Ihsan Abdul-Jabbar expressed, "The Ministry of Oil is ready to cover the project’s needs of gas feeding the project and throughout the years of operation, whether for the project or for operating electric power generating units."
Abdul-Jabbar added, "The planned production capacity of the project of (polyethylene) amounts to (one million and 800 thousand) tons per year, which is the material that is witnessing growth and increasing demand in the global markets, which will achieve large financial revenues for the state treasury in the future and be part of the Iraqi national income. “. End / 25